Low interest rate eases businesses, households’ debt burden

KUALA LUMPUR: It is important to keep the interest rate as low as possible to lessen the debt burden of businesses and households, as well as to stimulate investment and consumption in the country, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.

Higher loan growth seen for banking sector next year

PETALING JAYA: AmInvestment Bank, which expects the banking industry to chart higher loan growth next year, is maintaining its overweight stance on the sector, buoyed by the anticipated recovery in the sector’s 2021 earnings.

CIMB Group to phase out coal from its portfolio by 2040

PETALING JAYA: CIMB Group Holdings Bhd is committed to phasing out coal from its portfolio by 2040 in support of Bank Negara’s agenda to build climate resilience within the Malaysian financial sector.

Phasing out coal from CIMB Group's portfolio by 2040

KUALA LUMPUR: CIMB Group Holdings Bhd will phase phase out coal from its portfolio by 2040 under its first Coal Sector Guide issued on Tuesday, starting next year and it would be across the group in all its operating markets.

Equity crowdfunding gains upper hand over LEAP

Lenders’ asset quality likely to remain benign

Extension of moratorium for B40 group seen positive

Another loan moratorium not a good idea

Bankers say it will only extend their pain

Boom in fintech bond sale platforms risks fragmenting market

LONDON: Bond buyers and sellers are warning that a recent proliferation of fintech platforms seeking to modernise debt sales around the world risks backfiring, making it more difficult to price deals.

Japan Credit Rating Agency affirms Maybank A ratings

KUALA LUMPUR: Japan Credit Rating Agency, Ltd (JCR) has affirmed its A ratings on Malayan Banking Bhd with a stable outlook to reflect its strong business base in Malaysia, diversification of its revenue sources, high earnings capacity.

RAM expects banks’ provision for impairments to remain elevated

KUALA LUMPUR: RAM Ratings expects the banking industry’s provision for allowance for impairments to remain elevated in the coming quarters as they continue to adopt a prudent stance.